St George Mining jumps 8% on news it’s appointed two niobium executives – from the world’s biggest player, CBMM

St George Mining’s (ASX:SGQ) executive management team driving forward its Araxa Niobium Project (ANP) has seriously boosted its street cred on Tuesday.

The company has appointed two Brazilian senior mining executives from CBMM to lend their guidance and professionalism at ANP moving forward. For those outside the know, the relevance of CBMM might be missed – but HotCopper users were quick to join the dots.

CBMM is the acronym for the company that stands as the dominant niobium producer to the global supply chain for the formerly obscure metal.

The two men – Mr Thiago Amaral and Mr Adriano Rios – have, between them, over 40 years of experience working in the niobium space, covering everything from exploring to mining, producing to processing, and transport to sale.

“Their deep knowledge of all facets of niobium mining, as well as the Araxá area and its community, will allow St George to quickly ramp up activities when we complete the Project acquisition in the coming weeks,” St George EC John Prineas said.

The company remains on track to complete its ANP acquisition in “late September/early October,” a deadline first forecast earlier this month when the explorer picked up the project.

Prineas expects the move to reflect a real chance at boating a transformational pivot into an increasingly-talked-about critical mineral.

“We are delighted to welcome Mr Thiago Amaral and Mr Adriano Rios to our Brazilian executive team as we enter a new era for St George shareholders,’ Prineas added.

SGQ last traded at 3.8cps.